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Buffett backing $1 billion NCAA bracket contest

(LOS ANGELES TIMES) Think you can guess the winners of all 67 games in this spring’s NCAA men’s basketball tournament?

Warren Buffett is betting a fortune that you can’t.

In what may be the largest sports bet in history, Buffett’s Berkshire Hathaway Inc. will pay $1 billion to the person who correctly guesses the winner of every game during the March Madness classic.